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The silicon nitride market size is estimated to grow by USD 49.56 million at a CAGR of 7.2% between 2022 and 2027. The growth of the market depends on several factors such as the increasing use of silicon nitride in semiconductors, the increasing demand for solar energy and the advancements in medical implants and devices.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing use of silicon nitride in semiconductors is notably driving market growth. Silicon nitride stands out as a highly sophisticated engineering ceramic currently available, boasting an exceptional fusion of thermal and mechanical attributes. Its wide application spans the realm of semiconductor materials in both the electrical and energy generation sectors. Notably, its variable resistivity grants the capacity for discerning the movement of electrical currents within the semiconductor material, a pivotal quality for the fabrication of organic photovoltaics (OPV). This technology converts solar energy into electric power through an electronic junction.
Moreover, the commercial use of silicon nitride extends to the production of integrated circuits and the crafting of consumer electronics like displays, projectors, solar cells, gaskets, wearable electronic devices, and lighting apparatus. Thus, the development of advanced and compact consumer electronic devices will boost the growth of the market during the forecast period.
Increasing investment opportunities in APAC is one of the major market trends. The growth of the manufacturing, automotive, and medical sectors in developing nations is poised to drive the expansion of the market within these regions. The anticipated growth is foreseen in emerging economies such as China, the Philippines, India, Indonesia, and Thailand throughout the forecast timeframe. This surge can be attributed primarily to the proliferation of manufacturing facilities driven by abundant raw materials, cost-effective labour, and supportive governmental policies fostering foreign direct investment (FDI).
However, the diminishing costs associated with solar energy technologies have enticed both businesses and governments to embrace renewable energy sources for environmental and economic benefits. Therefore, the growing renewable energy industry will increase the demand for silicon nitride during the forecast period.
The high processing cost of silicon nitride is a significant challenge hindering market growth. Silicon nitride is a relatively new manmade material and the basic raw materials used for silicon nitride are silicon and nitrogen. Its utility as an engineered ceramic spans a spectrum of industries, encompassing aerospace, automotive, medical applications, tooling machines, and the chemical sector. Nevertheless, the processing expenses tied to silicon nitride-based ceramics are notably higher compared to their oxide-based counterparts, including alumina, zirconia, and zirconia-toughened alumina (ZTA). The production intricacies entail precise temperature and pressure management, particularly vital in the fabrication of distinct silicon nitride variations such as RBSN, HPSN, and SSN.
Furthermore, the procurement of silicon nitride feedstock proves to be a time-intensive endeavour, complementing the overall costly nature of the manufacturing process. This collective set of factors contributes to the overarching expensiveness of the entire manufacturing journey for silicon nitride. Hence, the hefty capital investments and the high cost of manufacturing will hinder the growth of the market during the forecast period.
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co - The company offers silicon nitride products such as 3M Silicon Nitride Sand Blast Nozzle Liner.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the automotive segment will be significant during the forecast period. Silicon nitride is known for its high strength and durability at high temperatures. Within the automotive sector, this material finds purpose in crafting ceramic elements for engine construction, including turbochargers, pistons, and bearings. These critical constituents demonstrate remarkable endurance within the challenging engine environment, consequently enhancing overall operational efficiency and output. Moreover, silicon nitride-based sensors have found application in automotive exhaust systems, facilitating the supervision and regulation of emissions.
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The automotive segment was the largest segment and was valued at USD 25.71 million in 2017. These sensors can operate at elevated temperatures and provide accurate readings of exhaust gases, helping vehicles comply with emissions regulations. Furthermore, owing to silicon nitride's exceptional electrical insulation attributes, it is well-suited for incorporation into electrical constituents like ignition systems and spark plugs, augmenting efficient combustion within internal combustion engines. The ongoing shift towards vehicle electrification has spurred investigations into silicon nitride's applicability in power electronics elements, encompassing key components like insulated gate bipolar transistors (IGBTs) and diodes, integral to electric vehicle (EV) powertrains. Consequently, the amalgamation of silicon nitride's characteristics and its diverse applications is poised to fuel growth in the automotive domain, thereby propelling the focal market's expansion during the forecasted period.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is expected to be the fastest-growing regional market for silicon nitride during the forecast period, primarily due to the high demand for advanced materials in the automotive industry. Due to its ability to serve as a barrier against water and alkali ions, silicon nitride finds extensive utility as a passivation layer in the semiconductor sector, particularly in the production of integrated circuits (ICs). This function aids in averting diffusion between devices.
Consequently, the surge in expansion endeavours within the semiconductor manufacturing sector in the APAC region is poised to drive the requirement for silicon nitride as a pivotal passivation layer for ICs. This escalation in demand is anticipated to catalyze further market expansion in APAC throughout the projected period. Hence, such developmental initiatives are anticipated to drive the demand for silicon nitride in the semiconductor industry, fostering focused market growth in this region.
Silicon nitride, a versatile ceramic material, finds extensive use across diverse industries such as the solar photovoltaic, general industrial, aerospace, and medical sectors. In the medical field, it serves in various orthopedic applications like surgical screws, plates, prosthetic hips, knee joints, dental implants, cervical spacers, and spinal fusion devices due to its biocompatibility and durability.
Sintered silicon nitride (SSN) exhibits exceptional properties like high-temperature strength, superior thermal shock resistance, creep resistance, fracture toughness, oxidation resistance, and excellent wear resistance. These qualities make it indispensable in critical applications such as glow plugs in diesel engines, pre-combustion chambers, rocker arm pads in spark ignition engines, and components in exhaust gas control valves, ensuring reliability and performance in demanding environments.
The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Silicon Nitride Market Scope |
|
Market Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.2% |
Market growth 2023-2027 |
USD 49.56 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.65 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Alzchem Group AG, CeramTec GmbH, CoorsTek Inc., Denka Co. Ltd., HC Starck Tungsten GmbH, Heraeus Holding GmbH, International Syalons (Newcastle) Ltd., JGC Holdings Corp., KYOCERA Corp., McDanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials Plc, Paul Rauschert GmbH and Co. KG, Precision Ceramics, Reade International Corp., Rogers Corp., SINTX Technologies Inc., Toshiba Corp., and Ube Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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